Recessions vs de-leveraging
The current recovery is playing out differently than past ones because a de-leveraging cycle is at its heart different than a typical Central Bank-controlled cycle. A typical recession is an[…]
Yearly Archive: 2011
European data – numbers that matter
Next week, we’re due Final GDP data for France (due Tuesday), which looks likely to remain unchanged from its provisional estimates of 1.6% YoY. Euroland money supply figures for November[…]
Federated Investors to acquire Prime Rate
Prime Rate Capital Management LLP announced today that, subject to the relevant regulatory approvals, it is to be acquired by Federated Investors, Inc, one of the world’s largest cash managers[…]
Three wise men?
We three kings of credit risk are
Bearing ratings we travel afar
Bank and company, council and country
Following yonder AAAMoney market funds 2011/12 – David Rothon speaks to Room151
David Rothon is Senior Vice President, Director of Cash & Fixed Income Product Management at Northern Trust Global Investments. Room151: How have the positions in your money market fund changed[…]
ECB LTRO analysis
The first of the ECB’s two 36-month long-term repo operations (LTRO) take place today, Wednesday, December 21st. This ultra-long-term refinancing operation (the next will be held on February 29th 2012)[…]
What would work for Euroland?
The European situation deteriorated steadily and seriously through the course of 2011. The failure of policymakers to stem contagion effectively from haircuts on Greek government debt, as well as the[…]
Simon Parker: bonds, property & Enterprise Zones
Simon Parker is director of New Local Government Network. He started his career in journalism and has since worked in management consultancy, lobbying and research, most recently as a fellow[…]
Launch of the Kent Big Society Fund to help social enterprises grow
A new fund providing £3 million of loans for new and existing social enterprises in Kent will be launched by Kent County Council in partnership with the Kent Community Foundation.[…]
ECB reliant on ‘confidence’
We should be reluctant to ascribe either recessions or even recoveries to changes in the level of the nebulous concept of “confidence” because consumer confidence indices only have a weak[…]
